Up from 40% a year ago, 55% of real estate investors feel that their local market is overvalued and expect to see a price correction in the coming months. According to Auction.com, an online distressed real estate marketplace, a March 2022 survey of confirmed buyers who used their platform in the last three years also found that 17% of buyers predict flat or declining home prices in their home Continue Reading

ATTOM, along with its subsidiary RealtyTrac, has released its latest Foreclosure Market Report for January which has found that there was a total of 23,204 properties with foreclosure filings against them, up 29% from December (which saw 17,971 filings) and up 139% from a year ago. Foreclosure activity has now surpassed numbers seen before the pandemic took hold of the Continue Reading

The Mortgage Bankers Association's (MBA) latest Loan Monitoring Survey has found that the number of U.S. loans in forbearance has dropped by 39 basis points from 2.06% of servicers' portfolio volume in the prior month, to 1.67% as of November 30, 2021. There are an estimated 835,000 U.S. homeowners who remain in forbearance plans nationwide. "The share of loans in forbearance in November Continue Reading

Citing the need to closely monitor foreclosure numbers after the Federal Foreclosure Moratorium expired in July, Black Knight has revealed a “first-look” at its data for October 2021. According to the preliminary release, the national delinquency rate fell another 4.5% to 3.74% in October. This is the second consecutive month delinquency rates have been below 4% in the last 18 months. The month Continue Reading

The latest Forbearance and Call Volume Survey from the Mortgage Bankers Association (MBA) shows that the total number of loans now in forbearance decreased by 34 basis points from 2.62% of servicers’ portfolio volume in the prior week to 2.28% as of October 10, 2021. The MBA now estimates that approximately 1.1 million U.S. homeowners are in forbearance plans. By type, the share of Fannie Mae Continue Reading

The latest Forbearance and Call Volume Survey from the Mortgage Bankers Association (MBA) has revealed that the total number of loans now in forbearance decreased by 15 basis points from 3.23% of servicers' portfolio volume in the prior week to 3.08% as of September 5, 2021. The MBA estimates that approximately 1.5 million homeowners remain in forbearance plans. "The share Continue Reading

The Federal Housing Finance Agency (FHFA) has announced that Fannie Mae and Freddie Mac (the government-sponsored enterprises) servicers will not be permitted to make a first notice or filing for foreclosure that would be prohibited by the Consumer Financial Protection Bureau's (CFPB) Protections for Borrowers Affected by the COVID-19 Emergency Under the Real Estate Settlement Procedures Act Continue Reading

Forbearance levels are looking better across the board as volume decreases for all types of mortgage loans, according to the weekly report from Black Knight. Keeping with the strong trend of early-month improvements, overall volumes dropped by 61,000 or 2.7%. Forbearance volumes for Fannie Mae and Freddie Mac fell by 13,000, or -1.9%. Federal Housing Administration (FHA) and VA plan volumes Continue Reading

Amending Regulation X to give servicers and homeowners more time to work through options The Consumer Financial Protection Bureau (CFPB) released a notice of proposed rulemaking on Monday that would amend Regulation X to provide a special pre-foreclosure review period prohibiting servicers from starting foreclosures until after December 31, 2021. Under current CFPB Continue Reading